In March this year Australian workers had more than $1.8 trillion stored away in superannuation funds, in part thanks to a system that generally requires employers to pay a contribution on employees’ behalf. From July 1, this required employer contribution jumped .25% to 9.5%.*
For many wage and salary earners who benefit from these compulsory super contributions, super is often something they think about once a year when their statement arrives in the mail. But we could all benefit from paying more attention to what are essentially our future funds.
According to MoneySmart Week, a not-for-profit movement set up to boost our financial literacy, one of the best ways to get a better handle on your superannuation is to consolidate your super accounts. We’re part of a group that is proud to be a key supporter of MoneySmart Week (September 1-7) set up to encourage Australians to take simple steps to make their money work harder and go further, now and well into the future. Here’s our guide to building a better financial future by consolidating your super funds.
Amidst the frenzy of today’s Melbourne Cup, we have the latest cash rate announcement hot off the press. The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.5%. There was some debate as to whether rates would change as result of the tenth…
The cash rate remains at 2.5% and has now been at this record low level for fifteen consecutive months. The Reserve Bank of Australia today announced the outcome of its tenth board meeting of the year, a decision that was widely anticipated. The Bank has elected to remain on its…
The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.5%. There was some debate as to whether rates would change as result of the tenth meeting of the year. Australian consumer confidence has taken a cut since this time last year, a factor…
The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.5%. There was some debate as to whether rates would change as result of the tenth meeting of the year. Australian consumer confidence has taken a cut since this time last year, a factor…
For the gardener in your life who is impossible to buy for, add instant glamour to their patch with a shimmering golden garden hose. It looks beautiful and thanks to its Scandinavian design, features tricot reinforcement to prevent kinking.
Many buyers struggling to find the right home are going back to the drawing board and building rather than buying an existing home.
Your home is likely to be the biggest purchase you make, so it’s something you want to get right. Mistakes can be stressful and costly. Here are the biggest ones buyers make and some tips to help you avoid them.
More than 80 per cent of Australians have insurance for their car but fewer than one third of us have income protection insurance1 to protect our livelihoods should the worst happen. While the odds of a bingle are higher – once every seven years on average – being waylaid by injury or sickness for a lengthy period is not as unlikely as you may think. In fact, a staggering 60 per cent of Australians will be off work due to serious injury or sickness for more than a month at least once in their working lives, according to a 2012 Rice Warner report on underinsurance.
The Reserve Bank of Australia has today decided to leave the official cash rate unchanged at 2.5%. There was some debate as to whether rates would change as result of the tenth meeting of the year. Australian consumer confidence has taken a cut since this time last year, a factor…